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41. Which one of the following is identical with a multiplant monopolist?
Cartel aiming at joint profit maximization
Market sharing cartels
Oligopoly with the low-cost firm as a leader
Oligopoly with the dominant firm as a leader
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42. Which of the following concepts are most closely associated with Alfred Marshall?
Marginal utility theory
The modern theory of wage
Price mechanism under monopoly
Interest theory
43. In the case of an inferior commodity, the income elasticity of demand is
Infinity
Unitary
Negative
Positive
44. The general average curve is also known as
The total marginal unit cost curve
The average total unit cost curve
The total unit cost curve
The total variable unit cost curve
45. The AR curve and the industry demand curve are the same
In the case of monopoly
In case of perfect competition
In the case of oligopoly
None of the above
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